Failure to clinch customs deal could affect other talks, warns WTO chief

Tags: News
Failure to reach a global customs rules deal could have a "considerable impact" on other areas of global trade negotiation, World Trade Organization Director-General Roberto Azevedo said on Monday during a visit to Mexico.

Late last month, India blocked a deal to simplify, standardise and streamline the rules for shipping goods across borders, know as "trade facilitation", after it demanded concessions on agricultural stockpiling.

"If we don't find a solution for this issue, we could see a considerable impact on other areas of world negotiation," Azevedo said in a speech in Mexico City, referring to WTO negotiations.

"I think that we have an opportunity in September to restart talks and see if a bridge is possible," he added.

India insisted that, in exchange for signing the trade facilitation agreement, it must see more progress on a parallel pact giving it more freedom to subsidise and stockpile food grains than is allowed by WTO rules.

Modi government said last week it believed it could convince other members that its need for more freedom on food subsidies was legitimate, and has said it could sign a deal as early as September if its concerns are addressed.


  • Banking security breach reveals how vulnerable the system is

    Fear has gripped millions of Indians whose bank accounts have been compromised due to a massive security breach in the payments ecosystem linked with


Stay informed on our latest news!


Urs Schoettli

Just how useful are summits?

In the age of globalisation international summits play an increasingly ...

Zehra Naqvi

Of absolute truth & relative perception

Is there such a thing as absolute truth? Look around ...

Shona Adhikari

When art meets the artful

This week’s art news focuses on vastly different themes and ...